Market Pulse: Risks Against Market Wisdom

The financial market is already in its festive mood towards Indonesia. A gift from Fitch Rating, raising Indonesian sovereign rating from BBB- to BBB. Now, Indonesia is on par with the Philippines and Portugal, which also received a promotion this month.

After the news broke out, the Jakarta Composite Index went up by 1.2 percent in just one day, last Thursday. Other than that, the market didn't show much enthusiasm. The rupiah and government bond

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